Dubai’s IT Sector Pulls in a Whopping Amount of $21.7bln

UAE is known as a top international destination when it comes to technology transfer such as AI (artificial intelligence) and robotics.

Recently, Dubai has succeeded to pull in about $21.66 billion of FDI into high-technology transfer sector in a time frame of three years. As per the organizers of Hitec Dubai, 2018, this has pushed its position to the top-most slot as a global destination especially for Foreign Direct Investment in technology transfers such as robotics and artificial intelligence.

Dubai’s DTCM or Department of Tourism and Commerce Marketing is going to be the destination associate for Hitec Dubai 2018, which is slated to be held in the first week of December.

This two-day event, which is a business-to-business exhibition and is co-produced by the Hospitality Financial and Technology Professionals and Naseba will open the doors for all the buyers in the Middle East (worth about $75 billion), to top global IT solution-providers and leaders in the hospitality sector.

Frank Wolfe CAE, who is the CEO of HFTP, said that Though Dubai has already proven itself as one of the rapidly growing smart cities in the whole world, these visionary leaders will help Dubai gain the tag of ‘the smartest city of the world’.

Expo 2020 will attract a huge arrival of tourists and hence the hospitality sector will gain the limelight and position Dubai as ‘the smartest city of the world’. In addition, Hitec Dubai provides a prospect for all the hospitality buyers to pioneer most up-to-date technologies in their organizations.